Telephone & Data Systems, Inc. (TDS) Receives $36.00 Consensus Target Price from Brokerages

Telephone & Data Systems, Inc. (NYSE:TDS) has been given an average rating of “Buy” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.00.

A number of equities research analysts have weighed in on the stock. Citigroup upped their price target on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, October 10th. ValuEngine raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underweight” rating and set a $34.00 price target for the company. in a report on Wednesday, July 11th.

Shares of NYSE TDS opened at $29.88 on Wednesday. Telephone & Data Systems has a twelve month low of $23.54 and a twelve month high of $33.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.75. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 56.38 and a beta of 0.83.



Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.06. Telephone & Data Systems had a net margin of 3.53% and a return on equity of 1.98%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $0.09 EPS. Telephone & Data Systems’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Telephone & Data Systems will post 0.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, September 13th. Telephone & Data Systems’s dividend payout ratio is presently 120.75%.

In other Telephone & Data Systems news, SVP Joseph R. Hanley sold 54,312 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $30.79, for a total transaction of $1,672,266.48. Following the completion of the sale, the senior vice president now directly owns 38,152 shares of the company’s stock, valued at $1,174,700.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas W. Chambers sold 16,400 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $30.59, for a total transaction of $501,676.00. Following the sale, the vice president now directly owns 12,473 shares of the company’s stock, valued at $381,549.07. The disclosure for this sale can be found here. Insiders have sold 204,597 shares of company stock valued at $6,192,444 over the last ninety days. Insiders own 16.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new stake in Telephone & Data Systems during the third quarter valued at about $100,000. Advisors Preferred LLC acquired a new position in shares of Telephone & Data Systems in the 2nd quarter valued at about $134,000. Point72 Hong Kong Ltd acquired a new position in shares of Telephone & Data Systems in the 2nd quarter valued at about $160,000. Sun Life Financial INC acquired a new position in shares of Telephone & Data Systems in the 2nd quarter valued at about $178,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Telephone & Data Systems by 38.9% in the 2nd quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after purchasing an additional 2,100 shares during the period. 81.69% of the stock is owned by institutional investors.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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